Factories Act Compliances

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Compliance of Factory Act, 1948 provisions is obligatory for establishments working as industrial units or factories under the act. The act provides for minimum working hours, terms and conditions of employment, labour sanitation, and preparation of remuneration policy, worker rights, minimum holidays, workers health and protection policies, employer/employee obligations in a factory establishment. The act prescribes for appointments of a Factory Inspector, who examines the factory workspace and imposes fines or penalties in case of non-compliance by the units.

The act provides severe penalties to be faced by the employer or the person involved in non-compliance of Factory Act obligations. We at MN & Associates, in-houses team of business experts, for handling diverse legal obligations of Factories Act without restraining to any size of the unit or the severity of case.

Compliance requirement by Factories Act, 1948

For initiating a factory establishment, you require a factory licence, fulfilling all due diligence and compliances with appropriate inspection and subject to necessary fee & compliance.

But it is not as simple as that, as according to the Factories Act ,each factory establishment has to undergo factory plant registration/approval, obtain necessary licences, ensure compliance of labour laws, maintain monthly data, documents, prepare annual reports, registers and returns, liason with government authorities, draft response documents, undertake taxation & Audit obligations and much more.

What services you get on hiring MN & Associates as Factory Act Consultant?

Not limited to any particular establishment, the act applies on factories where 10 or more workers have been employed or are engage in a particular sector as prescribed in the Factories Act. At MN & Associates, we hold a good liaison with government departments, hold specific business experts to meet your requirements and experience in handling factory projects .

Hiring us as Factory Act Consultants you get services of:

  • Registration/Renewal/Amendments/Exemptions/Licences/Permissions required under the environment act, Factory Act or any other act.
  • Proper Statutory Record Making
  • Employee Work Permissions
  • Factory Building Plan Approval
  • Factory Licences/Standing Order Approvals
  • Consultation on Arbitration/litigation Matters
  • Assistance in Other Labour Laws
  • Filing of Necessary Returns & Reports
  • Preparation of Periodic Registers
  • Liasoning with Government Authorities / Inspectors
  • Assistance in Government Notices and Department enquiries.
  • Taxation / Audit services and much more

We are not much limited to the compliances, but we also advise our clients on the necessary steps to be taken at intervals while they face challenges in the legal environment.

Why MN & Associates as Factories Act Consultant?

Believed by are associated clients, our management approach is of firm dedication, commitment and satisfaction of our clients. We have a built-in spirit to assure success of our clients by giving them proper direction, determination, discipline and completion of obligations within deadlines.

We endeavour to provide legal services effaciously and with a pragmatic approach to match our clients requirements. We work with sound regulations and with the required professional knowledge.

For queries on Factories Act or Corporate Compliances, email us at info@cs-india.com

    • Advice on all the statutory compliances with regard to the provisions of The Companies Act, 2013 and all other previous laws.
    • Secretarial Audit: Providing Complete Audit of Secretarial & Statutory Records with suggestion to rectify the shortcoming and discrepancies observed in the Audit process.
    • Assistance in drafting and vetting of an array of agreements and commercial contracts
    • Expertise in drafting agreements for various Public Sector Undertakings, Real Estate and Construction companies, Telecom companies, Retail sector and various other private and multinational companies
    • Liaison with the relevant offices of the Ministry of Company Affairs, National Company Law Tribunal, National Company Law Appellant Tribunal and other authorities concerned, in respect of various matters pertaining to the affairs of the company
  • Incorporation of all kinds of Companies
  • Annual Filling
  • Various alterations in Company Structure
  • Closure of Companies
  • Secretarial Audit
  • Reconstruction of Companies.
  • Corporate Governance
  • Insolvency and Bankruptcy
  • Regulatory Approvals
  • Legal Due Diligence
  • Joint Ventures, Mergers, Amalgamations and Acquisitions
  • Compliance under Foreign Exchange Laws
  • Intellectual Property Rights: Trademarks, Patents and Copyrights
  • Compliance Management Services
  • Services to NGOs
  • Filing of Balance Sheet in XBRL mode.
  • Obtaining clearances and Approvals from Statutory Authorities and Liasioning with Ministry of Company Affairs, Director General of Foreign Trade for matters relating to Compounding of Offences, Condonation of Delay, Obtaining of IEC Number etc.
    • Compliances of all Listed Compliances

  • Due diligence and feasibility analysis of probable collaborators.
  • Searching the best possible technology and financial partners
  • Drafting of joint venture, technology transfer, collaboration, trade mark license agreements
  • Obtaining necessary approvals from all concerned authorities

  • Amalgamation, mergers, de-mergers and reverse mergers.
  • Acquisitions & takeovers.
  • Reorganization of capital.
  • Valuation of assets and determination of exchange ratios.
  • Liaison and coordination and obtaining approvals.

  • Advice on Foreign Direct Investment in India.
  • Setting up of a business unit in India like a Wholly Owned Subsidiary, Branch Office, Liaison Office.
  • Preparation of business plan/project report.
  • Tax planning with respect to setting up a business in India.
  • Advisory services on pre and post set up compliance with the regulatory and legal framework.

  • IPO, FPO, Preferential Allotment
  • Bonus Issue, Right Issue
  • American Depository Receipt (ADR) / Global Depository Receipt (GDR) Issues
  • Loan Syndication from banks/financial institutions
  • Drafting and vetting of legal papers/prospectus/memorandum of understanding/agreements
  • Liaison and coordination with various regulatory authorities such as SEBI, local stock exchanges, registrar of companies and merchant bankers
  • Carrying out due diligence as a risk containment measure

  • Registration of an NGO with the Registrar of Companies, Registrar of Societies or with the Registrar of Assurances as the case may be
  • Filing of returns, reports and other necessary documents from time to time as per the provisions of the governing statute
  • Drafting of Memorandum and Articles of Association, Memorandum and Rules and Regulations and Trust Deed of a Company, Society and Trust respectively
  • Obtaining necessary approval from the Central Government and complying with all secretarial and other legal compliances

  • Formulating and implementing the Code of Conduct and Whistle Blower Policy
  • Developing risk management framework, its reporting and implementation
  • Formulating, strengthening and implementing internal control measures
  • Ensuring legal compliance with respect to the applicable laws and regulations

  • Matters relating to Insolvency and Liquidation of Companies and LLPs
  • Matters relating to Insolvency and Bankruptcy of Individuals and Firms
  • Representation before National Company Law Tribunal, Debt Recovery Tribunal and other authorities concerned in matters related to insolvency, voluntary liquidation, bankruptcy and winding up